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Because of large economic and environmental asymmetries among world regions and the incentive to free ride, an … additionally an "equal loss" Scenario where welfare losses relative to a Business as usual Scenario are equal for all Major world …
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Using an applied general equilibrium model, we explore the impacts of uniform reduction targets, a uniform carbon tax, and permit trading in the Annex 1 countries for the period 2000-2020. Next, we assess the impacts of enlarging the A-1 coalition to the globe, and allow for global permit...
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